Key points:
- Stronger growth of appointments
- Record decline in availability of candidates
- Starting salary growth close to June’s high
The main market indicators for July are:
Acceleration in growth of staff appointments…
Greater numbers of people move into permanent and temporary roles during July, with rates of expansion accelerating to five- and seven-month highs respectively.
…buoyed by strengthened demand from employers
Latest data signaled that available job vacancies continued to rise apace in July, with growth quickening to the fastest since January. The private sector remained the principal engine of job creation, although the public sector recorded a solid increase in vacancies.
Record drop in availability of permanent candidates…
Permanent staff availability fell further in July, with the rate of decline accelerating to the sharpest in the survey history.
…fuels sharp increase in salaries
Average starting salaries for people placed in permanent jobs continued to rise strongly in July. The rate of increase was only fractionally below June’s survey-record high.